The Australian Securities Exchange (ASX) yesterday announced that it had contracted Pipe Networks to upgrade its network using high-bandwidth dark fibre.

Now with extra fibre! (Credit: ASX)

According to the ASX, work and provisioning of the network — named ASX Net — has begun and is due to be rolled out in stages from September this year. The project is slated for completion in October and will be replacing ASX's existing customer network, ASX Nippa. Pipe's Fibre Operations and Provisioning Team will deliver the fibre.

"ASX Net will offer clients expanded network capacity through greater bandwidth, lower latency via fibre-optic cabling, and multiple connectivity options with access to ASX and third-party services and venues," ASX's IT and trade execution general manager, David Raper, said in a statement.

The network will also provide a single connection point to access customised information and will support the transfer of multiple data feeds. ASX claimed this will help reduce costs.

ASX Net will support a new trading system called ASX Trade, according to the company. Additional ASX and third-party services will be hooked up to the network "progressively thereafter".

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